Bitmain Holds 68% of ASIC Market: Nic Carter’s Analysis Highlights Antminer Dominance

Fresh insights from analyst Nic Carter reveal that Bitmain commands about 68% of the global ASIC market, with its Antminer series remaining a top pick among miners. Major clients cite reliability and consistent performance from models like the S19 and S21. Competitors trail behind, holding shares of roughly 10–15%.

Throughout 2024, Bitmain ramped up logistics and partnered with global assembly sites to circumvent U.S. tariffs and speed up distribution. The company’s overall revenue reportedly increased by at least 20%, despite Bitcoin’s market fluctuations. Experts note that flexible manufacturing and a diverse product lineup maintain Bitmain’s lead.

Some industry stakeholders worry that such concentration could impede competition and innovation. However, so far there has been no marked decline in Antminer’s popularity. Rival brands are striving to improve technical specs, but Bitmain’s share remains stable, reflecting a high level of confidence from professional operators.